Binance is the world’s largest cryptocurrency exchange platform according to its trading volume. Binance is currently dealing with a great deal of heat from regulative authorities and remains in a rush to make a lot of changes. Currently, many users got notification by Binance in forcing the users into completing the KYC by the fourth of August, 2021, stopping working to which the lifetime withdrawal limit will be reduced to 0.06 BTC from 2BTC each day withdrawal limit. This is why lots of crypto users are trying to find the finest Binance alternatives.
The variety of Nations that have released a regulative caution versus Binance has reached 6.
The present market advocates a shift of users from Binance to other platforms due to its recent policy of limiting the withdrawal quantity and a rigorous argument versus unproven users (users without a KYC verification).
Here are a couple of options that would compensate for Binance as a safe Crypto exchange platform:
KuCoin: Best Exchange without any rigorous policy for KYC
Kucoin is among the finest known and largest cryptocurrency exchanges that have been serving its users adequately considering that August 2017. Kucoin uses more than 200+ cryptocurrencies to trade-in. Kucoin does not have a rigorous policy for KYC and hence assists the users to maintain anonymity and personal privacy. Although anyone who wishes to use Fiat currencies in any way on the platform does not need to finish their KYC.
Unlike Binance, Kucoin charges less trading costs, has a beginner-friendly interface, provides excellent customer assistance, accepts a wide variety of payment approaches, and enables its user to withdraw 5 BTC each day without KYC verification. (5 BTC = $200000)
So, if you are looking for a platform to shift without missing all the functions of Binance, Kucoin is your answer.
Huobi: The Exchange Platform
Huobi is certainly the earliest cryptocurrency exchange that was established in 2013. The exchange platform is one of the finest and most liquid exchanges when it comes to trading. Huobi ranks amongst the world’s leading 10 largest exchanges by trade volume. It is a high carrying out exchange platform when it concerns the Bitcoin area and margin trading. Huobi has a non-strict KYC requirement, which indicates that not all users have to undergo confirmation.
As compared to Binance, Huobi charges fewer withdrawal charges, has super-high liquidity, provides excellent customer service, has a firm hold over its security feature, and enables its users to withdraw 0.1 BTC each day without KYC verification. (0.1 BTC= $3977.45)
The exchange feature is just one part of the huge international empire of Huobi. Do read our evaluation to understand more about it.
FTX: The best platform for future Trading
FTX is a lesser recognized exchange which is a shame provided the remarkable services it offers. As a possible Binance option, it offers its users an equivalent number of ways to generate income. FTX is a cryptocurrency derivatives exchange that differentiates itself by providing a variety of indices and leveraged tokens. FTX has likewise presented trading stocks and staking futures.
In contrast with Binance, FTX is beginner-friendly, charges less trading fees in addition to withdrawal fees, offers numerous unique services, uses 5 times more takes advantage of on-margin trading, and has no or very low-level policy for KYC verification. It allows its users to withdraw $2000-$ 9000 USD without a KYC confirmation.
Security is another exceptional feature to be drawn in towards FTX. it deserves considering if you are a spot trader.
Poloniex: Legendary Crypto assets exchange
Poloniex is a centralized cryptocurrency exchange for both novices along with experienced traders. It offers a variety of crypto markets, advanced trade types, margin trading, and crypto loaning. These services make it a hassle-free place for crypto users to satisfy all their crypto needs at one stop.
It is one of the finest altcoin exchanges in regards to performance.
As a Binance option, Poloniex uses a much better user-friendly interface, highly responsive customer support, a broad option of altcoins, higher take advantage of on trading, and a lax policy for KYC verification.
One can withdraw $50,000 USD without a KYC confirmation from this platform.
The platform is fantastic for U.S. people and has been stable for a very long time now that makes it an outstanding choice as a trading platform.
Coinbase: Finest Crypto Exchange for the U.S. People
Coinbase is among the most recognized and definitely the largest cryptocurrency exchange in the U.S. The platform provides access to more than 50 cryptocurrencies, has a low minimum fund policy, is insured versus any security dangers, and uses fantastic liquidity and trading volume. It is the very best platform for traders that gives security and provides crypto-to-crypto trading.
When compared to Binance, Coinbase allows the U.S. people to trade easily, it supplies an extremely easy-to-use platform, a digital wallet, the alternative to withdraw through PayPal, and more convenience and security when it boils down to trading. The users can avail the benefits of this platform without the KYC confirmation and can withdraw up to $25000 USD.
If you are a U.S. resident, this is your sign to shift from Binance to Coinbase.
CoinDCX: Binance Alike Indian Crypto Exchange
CoinDCX is the most reliable cryptocurrency exchange in India. The platform is relatively loaded with functions matched to both newbies along with an amateur level of traders. CoinDCX has a considerable rate of growth due to the many trading choices, immediate deposit and withdrawal, and adoption of crypto lending. The platform has acquired over 3 million+ users in less than 3 years and is backed up by well-recognized financiers.
In contrast to Binance, CoinDCX charges lower trading charges, has much better reviews, is internationally accepted, has a user-friendly interface, and has outstanding responsive customer support. The platform permits its users to withdraw 4 BTC without KYC confirmation. (4 BTC = $16000 USD)
CoinDCX is one of the leading cryptocurrency exchanges in India with a substantial neighborhood and social networks existence. So the shift will be easy and safe.
Which crypto exchanges are the best Binance option?
Although Binance is still the most more effective choice for users all around the globe, the above alternative crypto exchanges are a list of choices in case you do not value the rigorous KYC policy of Binance. But, the truth is that Binance still has more users and deep swimming pools of liquidity don’t alter. It still stands tall as the very best and the largest cryptocurrency exchange on the planet.